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Stock market today: Asian shares meander after S&P 500 sets another record

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Asian shares have opened mixed after U.S. stocks broke out of a three-day lull to close at a record. Chinese markets rose and Tokyo's benchmark fell. Oil prices advanced, while U.S. futures edged lower. The S&P 500 added 0.9% Wednesday, beating the all-time high it set last week. The Dow Jones Industrial Average climbed 1.

A currency trader moves by the screens showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, March 28, 2024. Asian shares were mixed on Thursday after U.S. stocks broke out of a three-day lull to close at a record.

The Dow Jones Industrial Average surged 1.2% to 39,760.08, and the Nasdaq composite gained 0.5% to 16,399.52. Both finished a bit shy of their own records. On the losing end of Wall Street was Nvidia, which slumped to a second straight loss after rocketing 91% higher for the year so far, loosing 2.5%.

Both the U.S. bond and stock markets will be closed for Good Friday. That could cause some anticipatory trades to bunch up on Thursday, the last trading day of the year’s first quarter.

 

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